ABSTRACT
Under the current emerging and transitional nature of the Chinese securities market, the securities companies are still in the process of developing. Though significant improvements have been achieved, typical problems remain; for instance lack of transparency, misappropriation of clients’ funds, misleading and false disclosure or non-disclosure. Considering the importance of the securities companies, questions have been raised: are these companies well regulated in the securities market? How can we enhance the regulatory regime of securities companies?
